Assignment 2
Julia Hopkins
BUSN 310
The company that I have chosen to research is AK Steel. AK Steel was originally ARMCO and was founded in 1899. The company was formally renamed to AK Steel in 1993 when it was open publicly as a trade company. AK Steel produces, carbon, stainless steel, electrical steel, cold rolled, and aluminum coated stainless steel that is used in automobiles (AKSteel.com, 2015). Armco is best known for producing crash barriers that are used on the side of the roadways and racing tracks that have helped save countless lives. Some of AK Steels recent achievements include, recognition from the American Metal Market as the 2010 “Steel Producer of the Year”, Toyota has awarded …show more content…
One of the largest facilities AK Steel produces from sits on the Ohio River and is legally allowed to dump waste into the river. In the year 2010 multiple companies released 32.1 million pounds of toxic discharge into the Ohio River, AK Steel was reportedly the 3rd highest polluter in 2010 (Demeroplis, 2010). The Environmental Protection Agency along with Justice Department have also fined AK Steel a combined total of over 15 million dollars in penalty fees in the last ten years alone …show more content…
AK Steel spent approximately $87 million on environmental capital projects and approximately $1.12 billion to operate and maintain the company’s environmental controls (AKSteel.com, 2015). AK Steel participates in the U.S. Department of Energy’s Climate VISION agreement. This program assists domestic steelmakers in their continued efforts to lead the global steel sector in voluntary emissions reductions (AKSteel.com). These are small steps in the right direction for AK Steel and other steel manufactures to help the ecosystem become a cleaner place for all to live.
References:
AK Steel (2015); http://www.aksteel.com
Ayre, J & Elliot, John F. (2013); Green Steel — New Steelmaking Process Lowers Greenhouse Gas Emissions, Cuts Costs, & Improves Quality. Retrieved from: http://cleantechnica.com/2013/05/13/green-steel-new-steel-making-process-lowers-greenhouse-gas-emissions-cuts-costs-and-improves-quality/
Environmental Protection Agency (2015) AK Steel Co. Retrieved from: http://www.epa.gov/reg3wcmd/ca/pa/webpages/pad004325254.html & http://water.epa.gov/aboutow/owow/laws.cfm
Demeropolis, T. (2012), Report: AK Steel Among Top Waterway Polluters. Retrieved from: